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Alimony is a financial obligation that one spouse may have to provide for the other during or after a divorce. In New Jersey, alimony is determined based on various factors and can take different forms to meet the needs of both parties involved. Permanent alimony...
While a key focus of many divorces is dividing assets, debt also must be divided when a marriage ends. And sometimes, when one spouse has been less than responsible with money, the other can find themselves fighting to avoid leaving the marriage saddled with debt they...
Property division during divorce only affects marital property. Every spouse gets to keep their separate assets, such as property owned before the marriage or gifts. However, there are instances when separate and marital assets mix, making it difficult to tell which...
Most people are now familiar with mediation as a form of alternative dispute resolution. People usually think they have to choose between the court process or mediation regarding divorce. However, even though it is true that a divorcing couple can choose to use...
Spouses need to divide their marital property as well as the rest of their lives during a divorce. Under New Jersey law, the marital property consists of almost everything that either spouse obtained during the marriage. Whose name is on a title or on an account does...
When couples undergo divorce, they usually seek assets such as their home, retirement accounts and vehicles. But spouses should consider seeking other valuable assets. 529 plan Spouses also place money in a 529 plan to finance their children’s college education....
In New Jersey, property is equitably divided when a couple decides to divorce. Property division is conducted according to equitable property division rules so the question becomes what is equitable and how does the divorce court decide what is equitable. Several...
When a wealthy New Jersey couple decides to end their marriage, both spouses will have intense concerns about dividing their assets. In most cases, dividing the value of the family home will be the most contentious issue the couple faces. Each of them probably has a...
If you’ve started the divorce process, then you understand you will have to move through the property division process. Assets you once shared with your spouse will no longer remain the same. In New Jersey, courts follow equitable distribution rules as they handle...
The marital home is a common point of contention for couples in New Jersey going through the divorce process. In some cases, the fight is so bitter that courts get involved and end up ordering the property sold and the proceeds split. Other times, one party may agree...